Our South Asian strategy is designed for clients wishing to capitalize on the investment team's stock picking ability in the Indian Sub-continent. This strategy offers investors a pure and tax efficient exposure to stocks in India, Pakistan, Sri Lanka, and Bangladesh. The investment team looks for companies, within these countries, that are undervalued relative to their long-term growth prospects. Due to the focus on stock picking, benchmark risk is relatively high in this strategy.

In this strategy:

• Sector and stock selection takes precedence over country allocation.
  
  
• The Portfolio Manager is responsible for country and stock allocation for this strategy. The Portfolio Manager, with the help of an Analyst and an external Consultant, selects stocks in the South Asian countries. EMM's Investment Committee reviews and approves all stocks included in the South Asian portfolio, generally prior to first purchase. The stock selection process is rigorous, systematic and value oriented. We conduct numerous company visits in South Asia and utilize our proprietary database and earnings forecasts to compare industries and stocks.
  
  
• Frontier markets and smaller stocks are included in the investment universe in order to capitalize on market inefficiencies.
  
  
• This strategy is expected to be more tax efficient for clients interested in gaining direct exposure to the South Asian markets.